| Guess what. The stock market is down again over | | | | their credit card companies be able to charge an over |
| 300 points. The cause seems to be credit worries. In | | | | limit fee? What is the meaning of limit? Shouldn't a card |
| consumer talk, that means the banks in this country | | | | get turned down when it gets there instead of allowing |
| are over their credit limits and it won't be long before | | | | a few dollars over the limit only to come back and |
| they start to squeal about the government bailing them | | | | charge a $32 fee for being so nice? And what is the |
| out. | | | | difference between price fixing and all credit card |
| Bail out? What? No $32 over limit fees? No instant | | | | companies raising their interest rate on one customer |
| report to the credit bureaus that the bank is in trouble | | | | when one of that customer's card companies decides |
| and their credit score should drop to high risk? No deal | | | | to do it? |
| that all of the other banks can now be charged $32 | | | | We are going down a dark road here just because |
| because one of them stepped in it? | | | | banks know most people who overdraw their |
| No American institution has slipped it to the American | | | | accounts and exceed their credit card limits will be |
| consumer and the American taxpayer more than than | | | | more embarrassed about it than be enraged about the |
| the good 'ole boys in banking and their good 'ole friends | | | | fees being charged. |
| in Congress. With a simple vote, everything gets wiped | | | | Stop being embarrassed. If these practices were going |
| out and everybody in banking goes on their merry | | | | on in any other industry, you would see the FBI hauling |
| way. Nobody goes to jail. Nobody ends up with a | | | | out boxes of records and hear about RICO |
| tanked credit rating. They just rearrange the chairs in | | | | prosecutions. It's time to light a fire under the Federal |
| the board room and offer up some new smiles. | | | | Trade Commission and Congress and get our greedy |
| Well how about us? Maybe it's time that bank fees | | | | banks under control. If not, 1929 will be coming back for |
| get a good hard look. Should a bank be able to extort | | | | another visit. Be sure American Banks will find a way |
| $35 for an overdraft charge when they are the | | | | to make that happen. |
| biggest hot check writers in American history? Should | | | | |